KQEH McLaughlin Group August 30, 2014
Has become controversial since publication in april of the best selling flash boys, wall street revoked by Michael Lewis. The former solomon brothers bonds salesman portrays hft as a two tiers class system where traders profiteer at the expense of ordinary stock investors. Here is how it works. Stock exchanges such as New York Stock Exchange sell bulk information about pending buy and sell orders to High Frequency trading firm. These firms use computers and proprietary software or algorithms to analyze the data and calculate at high speeds so they can buy or sell at fractions of a second in ad...